Question # 1

Term "or oreder" is written in order cheque after:

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Drawer's name

Payee's name

Customer's name

Endorsee's name

Bank pays money at its counter for:

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Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

Bill of exchange is written order whihc is always.

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Unconditional

conditional

Compulsory

None ofthese

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

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